(Video) How to Protect Your Money and Cards within an SME from cybercrime

Roger Smith, CEO at R & I ICT Consulting Services Pty Ltd and Amazon #1 author on Cybercrime asks how small and medium business and not for profit organisations are securing the information about money and cards from cybercrime.

[Start of transcript]

Hello, my name is Roger. How do you protect the money and your card information within your organization?

Small or medium business not for profit organizations have a requirement to A. Collect money otherwise they get broke and B. To secure the information concerning that money and how it’s being collected and diversified and the banks getting the information.

But on top of that, if you’re running an e-commerce site for instance, then the information that people are putting into that page in the digital world is really important because the criminals are targeting that as well. So if you take payments from the internet or the digital world, or you run a system , how do you make sure that that information is always secure?

Now this is a major target for the cyber criminals because they know that most people, when they set up a website or set up an e-commerce site or accept credit card and PayPal information that they haven’t set it up because they might not know quite what’s going on, they’re not fully understanding what is required of protecting that information.

But on top of that, if you’ve got an e-commerce site, you need a payment gateway. Now that payment gateway is literally the gateway between your site and the bank. And you have to make sure that as you’re accessing that gateway it is in a secure fashion.

The other way you can accept money is through PayPal, or if you’re on places like EBay where they have a platform store, which actually points to a payment gateway.

So what do you need to do to make sure you’re protecting the information? Well, you got to make sure that you’re receiving information from your potential customers and clients and the moment it goes into their computer nobody else can reach into your system. The only way to do that is with a high level encryption component and this is where SSL and TLS comes into it. SSL encrypts all the information and the only people who understand what’s going on are the computer that’s sending it and the one that’s receiving it at the other end.

So protecting that information against cybercrime is also very critical when you’ve got the information itself. So you’ve collected the information and now you want to store it somewhere. Again, you’ve got to make sure that you’re storing that information in such a fashion that you cannot be hacked.